KNOXVILLE, TN – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of multifamily communities, announced the acquisition of Summit Townhomes, a newly constructed 120-unit build-for-rent (BFR) housing community in Knoxville, Tennessee. The community was bought on behalf of CS1031 Summit Place BFR Housing, DST, which seeks to raise $18 million in equity from accredited investors and has a minimum investment of $50,000.
Capital Square formed the Private Equity Group managed by experienced real estate executives, Dave Platter and Jon Trott, as managing directors and co-heads, to profit from opportunities in the housing market, including a dedicated build-for-rent strategy in high growth sunbelt markets. This represents Capital Square’s fourth BFR offering for the Section 1031/DST program, and the seventh BFR project for the private equity group.
“Capital Square’s private equity group is a high-performing team with top-tier executives who are focused on housing strategies, including BFR,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “This will be one of the largest BFR platforms in the nation. We have previously reported that Capital Square has secured its first institutional partner for the BFR strategy and has now closed on the seventh BFR community, Summit Townhomes, for the DST program.”
Located at 100 Lisa’s Way, construction of Summit Townhomes was completed in 2022. The mix of three- and four-bedroom townhomes average over 1,400 square feet with open floor plans, marble countertops, stainless steel appliances, full size washer and dryers, walk-in closets, smart home integration and extra storage space. Community amenities include a firepit, picnic and barbecue area, private and overflow parking, covered gazebo and bark park.
The property is in close proximity to State Route 62, providing residents with simple access to top employers, such as Oak Ridge National Laboratory, Y-12 National Security Complex, UT-Battelle, Methodist Medical Center of Oak Ridge and Oak Ridge Schools. Summit Townhomes is served by Woodland Elementary School, Robertsville Middle School and Oak Ridge High School, all within a two-mile radius of the property.
Summit Townhomes is under a 30-minute drive from downtown Knoxville. The Knoxville MSA has a population of 747,185 and is projected to increase by 3.6% over the next five years. The University of Tennessee plays a significant role in Knoxville’s economy. With iconic landmarks like Neyland Stadium, with a seating capacity of 100,000+, university sports events generate meaningful revenue for local businesses. Moreover, the university employs more than 11,700 people who focus on research, educational programs and partnerships that contribute to the city’s overall economic growth.
“Knoxville is an attractive and promising real estate market, offering a combination of affordability, a stable rental market driven by universities and government employment, steady economic growth and a favorable income tax policy,” said Whitson Huffman, co-chief executive officer. “The property has already seen strong performance, accomplishing full lease-up in nine months with 98% current physical occupancy.”

Powered by WPeMatico

HOUSTON, TX – Buchanan Capital Partners, an Austin, Texas performance-based commercial real estate investment firm, announced the recent off-market multifamily acquisition of Dakota at Bingle. Built in 2021, Dakota at Bingle is a 5-tale midrise apartment community consisting of 258 units in the rapidly growing submarket of Spring Branch in Houston, TX.
“We are thrilled to add Dakota at Bingle to our portfolio,” said Keith Buchanan, Founder of Buchanan Capital Partners. “This acquisition aligns with our strategy of investing in high-quality properties with an acquisition basis below replacement cost. We are focused on investing in submarkets with limited new supply pipelines and proximity to main employment corridors, and Spring Branch checks both of those boxes.”
Currently, many buyers are sidelined due to aggressive acquisition strategies executed at the peak of the market. This was fueled by a historically low interest rate and cap rate environment and was compounded by highly leveraged capital structures. As a value investor who only receives compensation upon investor performance, BCP’s business model forced them to be defensive over the last few years. BCP is now actively seeking to buy stabilized assets at a significant discount to replacement cost. Their goal is to be the preferred buyer for sellers who want a smooth execution without re-trading or concern about the buyer’s legacy portfolio condition.
Buchanan concluded, “Supported by BCP’s performance-based structure, our value investing philosophy requires patience and has resulted in consistent returns. We have been in a long bull market, and track records will be challenged. We have never lost investor principal or made additional capital calls, and do not foresee this changing. To capitalize on this market opportunity, we are actively expanding our investor base for the first time and encourage interested investors to contact us.”
Since the acquisition, Dakota at Bingle has been rebranded as Belle Spring Branch and is now managed by Valiant Residential, a top nationwide property management firm with over 35,000 units under management.

Powered by WPeMatico

RALEIGH, NC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced the topping out of a 20-tale Class A multifamily tower at 320 W. South Street in the Warehouse District of Raleigh, North Carolina within a qualified opportunity zone.
“This 20-tale, trophy multifamily tower is Capital Square’s crowning achievement in Raleigh,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Capital Square is pleased to be a part of something larger than ourselves the transformation of downtown Raleigh.”
Located at the intersection of the Boylan Heights neighborhood, Dorothea Dix Park and downtown Raleigh, 320 W. South Street will be one of only a select few luxury rental housing communities in the downtown submarket. The project includes 297 apartment homes, consisting of studios and one-, two- and three-bedroom units, along with 10,500+ square feet of ground-floor retail space and an adjacent, standalone parking structure with over 400 spaces. Onsite amenities will include a resort-style swimming pool, rooftop lounge, coworking space and state-of-the-art fitness center.
The apartment community is within simple walking distance of multiple downtown entertainment, bars and restaurant options, as well as the Red Hat Amphitheater and Raleigh Convention Center. Meanwhile, the property’s location, adjacent to U.S. 70, offers outstanding access to the Research Triangle and North Carolina’s well-known educational institutions.
“Capital Square is proud to mark this vital milestone in the development of 320 West South Street, where residents of this elegant property will delight in the finest amenities and spectacular views of the downtown Raleigh skyline and Red Hat Amphitheater,” said Whit Huffman, co-chief executive officer. “Perhaps more importantly, this is an vital step in the continuing transformation of the Raleigh Warehouse District into a vital and thriving 24-hour neighborhood, which will be accelerated by the arrival of hundreds of families who will make 320 West South Street and the surrounding neighborhood their home.”
Capital Square has partnered with JDAVIS Architects as building architect, W. M. Jordan Company as general contractor and York Properties as the retail leasing agent for the property. The design team also includes Architecture Firm as interiors designer and EDSA as landscape designer.
Development of 320 West South Street has been funded by Capital Square’s sixth qualified opportunity zone fund, CSRA Opportunity Zone Fund VI, LLC. More recently, Capital Square launched CSRA Opportunity Zone Fund VII, LLC to fund the development of a luxury multifamily development in the Scott’s Addition neighborhood of Richmond, Virginia, and CSRA Opportunity Zone Fund VIII, LLC to help finance the construction of a Class A apartment community adjacent to the University of Tennessee in Knoxville.
Capital Square’s opportunity zone funds have initiated in excess of $590 million in development value to-date.

Powered by WPeMatico